2007-03-23 16:01:53 · 3 answers · asked by kvnbbn 1 in Business & Finance ➔ Investing
Always interest is termed per annum.
5 Year CD (IRA) is 4.51% Interest rate, and Annual yield is 4.58%; Source: http://www.ftubhb.com/home/inf.inf_rat#cds#iras
2007-03-23 16:14:35 · answer #1 · answered by Tiger Tracks 6 · 0⤊ 0⤋
No such thing as a 17% IRA. Ira is just a retirement acct you put investments into. May get 17% in the stock market if invest properly but not even close in bank. No IRA should ever be in a bank. If they are offering you 17% over 5 yrs that is less than market made just last yr by a wide margin and is awful.
2007-03-24 00:08:58 · answer #2 · answered by vegas_iwish 5 · 0⤊ 0⤋
What is the actual underlying investment? an IRA is just a type of investment umbrella/ vehicle, so to speak- it's not the actual investment. You can invest in stocks, bonds, mutual funds etc. in an IRA. IRA is not the actual security. So when you say 17%... if thats a mutual fund, that means it can fluctuate..if it's a CD (which there isnt any 17% CD right now), then they will pay it to you at maturity.
2007-03-24 00:40:29 · answer #3 · answered by It is what it is 3 · 0⤊ 0⤋